This practice can be managed from just about anywhere! This is a uniquely structured highly profitable practice servicing clients predominantly in the Victorian suburbs and rural regions with fees circa $1.2 Mill.
This practice is rich in history having been established in the mid 1980’s. It currently provides tax, accounting and advisory assistance to its clients and boasts an ROI of in excess of 60% prior to the principal’s remuneration. Growth originates through referrals.
The firm’s tax lodgements equated to an average of just under $800 per return for the current year consisting of 347 ‘I’ returns or 8% of revenue, 161 partnerships at 13% of revenue, 38 trusts, 76 companies or 14% of revenue and 5 super funds. Additionally, the firm generated 15% of fees from BAS, 39% of revenue from management advice, as well as a minor proportion of bookkeeping and corporate secretarial services. Overall, this represented an average billing of $1,870.
There were 277 client groups serviced in the 2024 FY, representing an average annual fee of just over $4.2K per annum.
The top 20 client groups for the 2024 financial year contributed around 30% of overall revenue including the largest client at 6% of 2024 fees. All but one of these groups are located in Victoria. Over half of the key contacts for these groups are aged below 50 years of age, with further 30% in their 50’s.
Staff are mostly long standing and experienced with the complete WFM experience.
The firm mostly services its clients via the internet, e-mail, telephone and client visits, whilst on occasion also hosting meetings in Melbourne.
The principal wishes to retire, however is flexible about the transition, believing an orderly introduction and assistance with the firm’s larger clients will be the main requirement.
E-mail broking@robknightsbroking.com.au to request a confidentiality agreement or phone (02) 9233 4333.
The completion of a confidentiality agreement is essential prior to the supply of any information.
